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02:18 Feb 8, 2009
English to Russian translations [PRO] Bus/Financial - Investment / Securities
English term or phrase:Insurer dedicated fund
Can you help me with this term, here's the context:
The insurers who offer Strategic Annuities™ are not in the business of managing the actual assets comprising the annuity's account value. What they are looking for are assets which are self-managed, such as stocks, bonds, mutual and hedge fund interests and the like. Insurers will accept just about any asset which can be independently valued which does not require their active management.
Personal Holding Structures, also known as an Insurer Dedicated Fund is used to hold assets for a Strategic Annuity™ which require active management. Assets which require active management are those, other than stocks, bonds, hedge fund interests and the like, which require day to day involvement in their operation. Examples are: commercial real estate, apartment buildings, business interests, etc.